You must have heard about many types of jobs by now but have you ever heard about ghost job? If not, then let us tell you what is ghost job, which is becoming a new trend of challenge for the unemployed. In fact, at present, according to government data, about 90 lakh jobs are available in America. But, if you ask job seekers, their condition is miserable and they are not getting jobs anywhere. Despite lakhs of job postings, he does not have a job. This is happening only because of these ghost jobs. Let us tell you what these ghost jobs are.
What are ghost jobs?
Ghost jobs are such jobs which companies create openings for but do not want to fill. According to workforce intelligence firm Revelio Labs, such jobs were available earlier also. But after Corona, the incidents of ghost job listing have doubled in many industries. That means companies create openings just to show off but do not actually hire for them.
Why do ghost job postings happen?
Job ghosting figures have helped fuel skepticism over the labor turnover survey. Especially since the Federal Reserve has started using it as important evidence. Many times companies release such openings just to show job data. Most companies create such openings when the labor market is down. At the same time, job posting and job opportunity are definitely two different factors.
Ghost job posting
According to Nick Bunker, Chief of Financial Resources at Indeed Hiring Lab, when such things come to light, their shortcomings or issues become more visible. A similar issue also came to light on Zoom calls and mask mandate. At that time, the monthly 'JOLTS' report published by the Labor Statistics Bureau had made a lot of headlines in this matter. The job market was strong at the time, and taking advantage of Covid relief funds, millions of Americans decided to change jobs or leave the labor force altogether.
The Great Resignation Period
The period of Zoom calls and mask mandate was named “The Great Resignation”. According to the BLS, ghost jobs were at their peak last year. During that time, there were more than 12 million jobs in the market, which means there were two jobs for every unemployed person.
Indeed and other job sites such as Microsoft's LinkedIn and job search sites like ZipRecruiter Inc. recruit only after examining such ghost jobs. They use both technology and human resources to sift through their millions of listings to ensure they are posting genuine job recruitment.
There were so many ghost jobs in July
In July, there were about 8.8 million openings in the US, according to BLS data, which was about 27% below the March 2022 peak. (Data for August is scheduled to be released in October, although that seems unlikely due to the government shutdown.) Large US companies have cut jobs in recent months due to the recession. Besides, the hiring rate has also been slowed down, while the joining date of those they are hiring has been extended.
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